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Asia Pacific Aquatic Feed Market

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Asia Pacific Aquatic Feed Market was worth USD 58.8 billion in 2016 and estimated to be growing at a CAGR of 10.2%, to reach USD 95.56 billion by 2021.
Asia Pacific Aquatic Feed Market is Expected to Increase from $58.8 billion in
2016 to $95.56 billion in 2021
Asia Pacific Aquatic Feed Market was worth USD 58.8 billion in 2016 and estimated to be
growing at a CAGR of 10.2%, to reach USD 95.56 billion by 2021. A major important part of
running a successful commercial aquaculture is the selection of the right manufactured
feeds which provide the balanced nutrition required by fish. The feed may be either granular
or in the form of pellets and are essential in providing the fish with a balanced diet within
their enclosures where their natural food sources may be absent.
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Wheat is being used as a major ingredient in all aquatic feed due to its binding property for
holding the pellets together. As for the carnivorous species of fish such as salmon, trout and
turbot, fishmeal and fish oil are the major components for making the feed. Other key
ingredients in fish feed include vegetable proteins, vitamins, minerals and cereal grains.
Trash fish is also considered as fish feed, wherein fish that is caught is fed directly to larger
species that grow in aquatic pens.
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Market Segmentation
Ingredient
Introduction
Soybean
Corn
Fish Meal
Fish Oil
Additives
Others
Y-o-Y Growth Analysis, By Ingredient
Market Attractiveness Analysis, By Ingredient
Market Share Analysis, By Ingredient
Additive
Introduction
Antibiotics
Vitamins
Antioxidants
Amino Acids
Feed Enzymes
Feed Acidifiers
Other Additives
Y-o-Y Growth Analysis, By Additive
Market Attractiveness Analysis, By Additive
Market Share Analysis, By Additive
End User
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Introduction
Fish
Tilapia Feed
Salmon Feed
Carp Feed
Catfish Feed
Molluscs
Oyster Feed
Mussel Feed
Crustaceans
Shrimp Feed
Crab Feed
Others
Y-o-Y Growth Analysis, By End User
Market Attractiveness Analysis, By End User
Market Share Analysis, By End User
The major factors affecting the Aquatic Feed market include the rising populations, the rise
in income leading to increased demand for seafood, the rapid urbanization and a strong
expansion of the seafood production industry aided by technological advancements making
for better distribution and storage. The market is also bolstered by the rise in demand for
natural health supplements of which omega-3 fatty acids derived from certain species of fish
is a major component. The soaring prices of materials needed for aquatic feed production is
one of the restraints of the market along with the fact that the industry is profitable only with
large-scale production.
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The Asia Pacific Aquatic Feed market is broadly classified by Ingredient into Soybean,
Corn, Fish Meal, Fish Oil, Additives and Others, based on additive type into Antibiotics,
Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers and Other Additives,
and by End User into Fish Feed such as Tilapia, Salmon, Carp and Catfish Feed, Molluscs
such as Oyster Feed and Mussel Feed, Crustaceans such as Shrimp Feed and Crab Feed
and Others. Based on geography, the Asia-Pacific market is divided into India, China, South
Korea, Japan and Australia. The Aquatic Feed Market is dominated by Asia Pacific in 2016
with the region accounting for almost 60% of the overall market share. Asia-Pacific is
expected to grow rapidly in the coming years as is evident from the high CAGR value for the
region. The rapid growth of the region can be attributed to the developing stature of
countries such as India and China.
The Aquatic Feed market is highly competitive with a large number of players. Key market
players dominating the market with their products are Cargill Inc, BioMar group, Waterbase
Ltd, BASF SE, Alltech Inc, Coppen International, Evonik Industries, Archer Daniels Midland
Company, Ridley Corporation, Nutreco NV, Avanti Feeds Ltd and Ewos.
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Author
Bhargav
Bhargav207   documents Email
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Business and Leadership
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Tags
feed, Aquatic Feed Market, Asia Pacific Aquatic Feed Market
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